As of May 18, 2021, the average salary for a Product Development Manager in the United States is $141,963 per year, which breaks down to an hourly rate of $68.
However, a Product Development Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Product Development Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Product Development Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Product Development Analyst IV | 7+ years | $133,257 |
| Product Development Analyst V | 7-10 years | $160,736 |
| Product Development Manager | 10+ years | $141,963 |
| Product Development Senior Manager | 10+ years | $180,840 |
| Product Development Director | 10+ years | $220,931 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Product Development Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Project Management | 5.16% |
| Supply Chain | 1.69% |
| Product Quality | 1.03% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Alignment
|
$149,061 |
5%
|
|
Insight
|
$147,642 |
4%
|
|
Product Management
|
$146,222 |
3%
|
|
Leadership
|
$146,222 |
3%
|
|
Collaboration
|
$146,222 |
3%
|
|
Presentation
|
$144,802 |
2%
|
Your level of education can impact your salary potential. While many Product Development Managers enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Product Development Manager with a Associate's Degree is between $131,775 and $142,362).
Product Development Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.9% |
| High School | 3.7% |
| Associates | 3.7% |
| Bachelors | 49.3% |
| Masters | 35.7% |
| Doctorate | 6.6% |
Understanding how a Product Development Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021For a Product Development Manager, the most direct path to higher earnings is advancing to the Product Development Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $180,840 - a projected growth of 27% over your current level.
Salaries for a Product Development Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $147,218 in 2023 to around $145,077 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Product Development Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $147,218 |
| 2024 | $146,720 |
| 2025 | $145,077 |
| 2026 |
View More
|
| 2027 |
View More
|
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A Product Development Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Product Development Manager earns the most in San Jose, CA, where the annual salary of a Product Development Manager is $179,058.
The highest pay for Product Development Manager is $162,741.
The lowest pay for Product Development Manager is $117,223.
Manages the staff, resources, and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Incorporates research and concept development projects and capabilities with market analysis, industry intelligence, and customer monitoring to support product roadmaps and innovate new products, enhancements, and redesigns. Coordinates with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products meet development targets and support the organization's financial goals. Develops teams with the knowledge and expertise to fulfill product development objectives. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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